Moody's: Administration sheds little light on US federal infrastructure plan - Reuters

Eren Sengezer FXStreet

"The Trump administration has added little clarity on how its call for $1 trillion in infrastructure stimulus over the next decade will be executed, and any major impact wouldn't be felt before the end of his current term," Moody's Investor Services said in a recent report.

Key highlights (via Reuters):

Administration sheds little light on us federal infrastructure plan
Moody's expects U.S. state and local governments to move ahead with their own capital plans with or without federal support
Much of U.S. federal infrastructure plan's success to ultimately depend on administration's ability to leverage $200 bln targeted direct federal funding
Any major impact from U.S. infrastructure stimulus wouldn't be felt before the end of Trump's current term

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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